Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $2.95 Consensus PT from Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $2.95.

A number of research analysts have issued reports on the stock. Roth Mkm reduced their price objective on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Robert W. Baird cut their target price on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at approximately $41,000. SBI Securities Co. Ltd. grew its stake in Sportsman’s Warehouse by 158,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after purchasing an additional 31,700 shares during the period. Prudential Financial Inc. purchased a new stake in Sportsman’s Warehouse in the second quarter worth $56,000. Centiva Capital LP bought a new position in Sportsman’s Warehouse in the third quarter worth $63,000. Finally, Greenwood Gearhart Inc. lifted its position in Sportsman’s Warehouse by 47.9% during the fourth quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock valued at $121,000 after buying an additional 26,785 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Price Performance

SPWH opened at $1.36 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.20. The stock has a market capitalization of $52.33 million, a PE ratio of -1.40 and a beta of 0.60. The stock’s 50 day moving average price is $1.34 and its 200-day moving average price is $1.93. Sportsman’s Warehouse has a 52-week low of $0.92 and a 52-week high of $4.33.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.